So it goes something like thisLIT develop the process sometime...

  1. sqe
    6,939 Posts.
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    So it goes something like this

    LIT develop the process sometime around 2016/2017. They do some benchtop testing.

    In March 2021, they announce they will build a pilot plant with a test run scheduled for September 2021. That work was to be done by ANSTO
    https://wcsecure.weblink.com.au/pdf/LIT/02350098.pdf

    July 2021 qtrly the company told shareholders
    "LieNA® pilot plant construction to test the hydrometallurgical conversion of spodumene and subsequent recovery of lithium chemicals commenced"

    Sep 2021 qtrly, the company told shareholders
    "construction of the pilot plant is now underway, with completion scheduled for early next year"

    Dec 2021 qtrly, the company told shareholders
    "Work on the LieNA® Cooperative Research Centre Project is progressing, while the high temperature autoclave for the LieNA® pilot plant was despatched to Australia (arriving after quarter's end)."

    March 2022 qtrly, the company told shareholders
    "The Company's federally funded LieNA® CRC-P progressed, with assembly and precommissioning of the purpose-built autoclave for the pilot plant completed."

    June 2022 qtrly, the company told shareholders
    "Equipment certification for the federally funded LieNA® CRC-P project advanced and was received subsequent to the end of the quarter."

    September 2022 qtrly, the company told shareholders
    "Formal registration for the LieNA® CRC-P autoclave vessel received this month allowing commissioning of the autoclave to commence."

    Dec 2022 qtrly, the company told shareholders
    "Evaluation of potential LieNA® commercial partners was undertaken during the quarter. In response, piloting at ANSTO was temporarily ceased to allow discussions towards a potential technology commercialisation agreement."



    So the company went from "test run in september 2021" to ceasing piloting in Dec 2022.

    No real reason was given. So I took the liberty of emailing the company and received a response from Stuart Tarrant.

    https://hotcopper.com.au/data/attachments/5506/5506333-332f92e13fd1ac261884c538c7934ad2.jpg



    In short, the pilot failed so they closed shop and put the project on ice. Funny that was never mentioned in ASX announcements.



    Last edited by sqe: 14/08/23
 
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